Amman: All 23 companies listed on the Amman Stock Exchange (ASE) have successfully submitted their annual sustainability reports for 2024, as confirmed by ASE CEO Mazen Wathaifi. The reports were submitted within the specified deadline using the electronic disclosure system (XBRL), showcasing full compliance with the exchange's requirements.
According to Jordan News Agency, this complete compliance rate highlights the companies' commitment to adhering to relevant laws and regulations. It also reflects their dedication to addressing environmental, social responsibility, and governance issues. The ASE's rules mandate that companies under the ASE20 index provide a sustainability report in line with international standards within six months after the fiscal year ends if the document is sent separately. If not, it must be submitted with the annual report within three months of the fiscal year's end.
Wathaifi emphasized that the ASE has made these sustainability reports available on its website, www.Exchange.jo, as part of its circulars and disclosures. This measure aims to enhance the transparency and attractiveness of listed companies and improve disclosure in the national capital market, particularly concerning sustainability standards.
Moreover, Wathaifi noted that sustainability reporting enhances understanding of companies' performance and achievements across various levels. He also mentioned that this practice demonstrates the entities' commitment to environmental, social, and governance issues, amid increasing interest among local and foreign investors in such data due to its significance in investment decision-making processes.